Seriously guys, WTF is a NEO ?
According to the Shitcoin Gazette:
NEO has recently gained some notoriety due to its collaboration with Chinese certificate authorities to map real-world assets using its smart contract technology. NEO has also signed partnership agreements with several startup companies.
¯\_(ツ)_/¯
Formerly known as AntShares. I don't understand why they changed their name. And the new logo is ugly.
But otherwise the tech seems interesting. A bit like the Chinese version of ETH whereas XEM is the Japanese version of ETH. I.E. All of them have the ability to do "smart contracts" but at least XEM has an API (application platform interface) that is able to use (or compatible with) many other coding languages unlike Etherium, which uses only a single programming language in their API. I'm not sure about NEO but anyways if you hodl NEO in your wallet, you get GAS, which is equivalent to ETH on the Ethereum blockchain.
Da Hongfei seems solid - no comparisons being offered (and after all we do invest in people)
NEO is quantum resistant and has a scaling solution (sharding) waiting to go.
Microsoft involvement, with listing real world assets- several other interesting collaborations - inlcuding with OnChain which is a private Blockchain/company which is owned by Da Hongfei & partners, and is VERY VERY VERY well connected. Also as well as the Neo Chain and On Chain there is the Law Chain/Identity Chain, which the gubermint are on board with- also BFT Blockchain is compliant with the good folks in the guberment.
They are building fiat on and off ramps- one will be able to store fiat on chain, and take fees and charges in fiat.
The Chinese love to back their own.
Also of interest is the GAS you get paid- you get paid for bookkeeping activities per a fixed reward - however there are also going to be fees chargable
for creating and executing smart contracts. (effectively you become a share holder of Neo Chain and share in all ongoing profits generated by activites on the chain , and not just the fixed "block rewards" )
It looks like they will enter some interesting markets, ICO's Invoice factoring for not just SME's but also some bigger players (I can see OnChain linking them with Alibaba further in the future)
I have been singing its praises since around $1 - I am locked and loaded- and will continue to acquire more.
These guys impressed me - take it as a shill or take it as information- up to you.
This coin is going to number 2 IMO - been saying so for months.
(Ps this is a bit of a corp /guberment friendly coin- I make no moral statements regarding this- I just think it has success written all over it in giant red marker pen... from an investment/trading point of view)
How can it be quantum resistant before quantum is really a proper thing. Who knows what it will or wont do? or will and wont do for that matter.
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Congrats on the new ATH.
